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Is DRI primed for upward momentum? Stochastic Reached Overbought shows up after advancing 1.34%
On Friday, August 7th, DRI moved up 1.34% while volume shrunk to 0.7× the usual levels. Stochastic Reached Overbought — typically a warning sign for traders — developed during the session. Key support levels exist at 211.14, 208.51 & 206.19, with resistance at 216.08, 218.4 & 221.03. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of DRI: A
There’s more where that came from. See all of today’s signals for DRI here.
Read full article here »